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WEF president: 'We haven't seen this kind of debt since the Napoleonic Wars'www.cnbc.com/2024/04/28/wef-president-we-havent-seen-this-kind-of-debt-since-the-napoleonic-wars.html
316 sats \ 6 comments \ @Cje95 28 Apr econ
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10 sats \ 0 replies \ @SatsMate 28 Apr
After these wars does anybody know what happened to the debt? Was there a jubilee?
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0 sats \ 1 reply \ @Coinsreporter 28 Apr
How is that calculated. Big data manipulation on the name of adjustment.
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0 sats \ 0 replies \ @Cje95 OP 28 Apr
According to the interview
International Monetary Fund which noted that global public debt had edged up to 93% of GDP last year, and was still 9 percentage points higher than pre-pandemic levels. The IMF projected that global public debt could near 100 % of GDP by the end of the decade.
We haven’t seen this kind of debt since the Napoleonic Wars, we are getting close to 100% of the global GDP in debt. global debt ratios are close to levels not seen since the 1820s and there was a “stagflation” risk for advanced economies.
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0 sats \ 0 replies \ @xz 28 Apr
WEF owned the problem?
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0 sats \ 1 reply \ @Satosora 28 Apr
Is that adjusted for inflation?
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0 sats \ 0 replies \ @kristapsk 28 Apr
He is talking about % of global GDP, not related to inflation rate.
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